Stamp Act Amendment Act (No. 2) 1971 (WA)

WESTERN AUSTRALIA.

STAMP (No. 2).

No. 29 of 1971.

AN ACT to amend the Stamp Act, 1921-1971.

[Assented to 1st December, 1971.]

BE it enacted by the Queen's Most Excellent Majesty, by and with the advice and consent of the Legislative Council and the Legislative Assembly of Western Australia, in this present Parliament assembled, and by the authority of the same, as follows:—

I. (1) This Act may be cited as the Stamp Act ?.nrgittlie...

Amendment Act (No. 2), 1971.

Reprinted

(2) In this Act the Stamp Act, 1921-1971, is approved for reprint 27th

referred to as the principal Act.

August, 1968

as amended

by Acts

Nos. 54 of

(3) The principal Act as amended by this Act 1968, 113 of 1969, 21 and

may be cited as the Stamp Act, 1921-1971.

102 of 1970

and 3

of 1971.

No. 29.] Stamp (No. 2). [1971.

Commence-

ment. 2. This Act shall come into operation on a date

to be fixed by proclamation.

Amendment	3.	Section 54 of the principal Act is amended
to s. 54.
(Adhesive

stamps on

by substituting for the words "five cents" in line

bills and

notes pay-

one the words "six cents".

able on

demand.)

Amendment

to s. 58.	4.	Subsection (3) of section 58 of the principal
(Penalty for

issuing. etc.,	Act is amended by substituting for the words "five
any un-
stamped bill	cents" in line five the words "six cents".
or note.)
Amendment

to Second	5. The Second Schedule to the principal Act is
Schedule.

(Nature of amended

Instru- ment.)	(a)	as to the item headed "BILL OF EXCHANGE OR PROMISSORY NOTE" and the item headed "CHEQUE or ORDER payable on demand" respectively by sub- stituting for the passage "0.05" denoting five cents under the column headed "Stamp Duty Payable" opposite the word "demand" being the last word in the items, the passage "0.06"; and
(b)	as to the item headed "CONVEYANCE or TRANSFER on sale of property—"—

(i)    by substituting for the passage "0.10" denoting ten cents under the column headed "Stamp Duty Payable" opposite the passage "$25" in para- graph (3) of that item the passage "0.15";

(ii)    by substituting for the passage "0.40" denoting forty cents under the column headed "Stamp Duty Pay- able" opposite the passage 1100" in paragraph (3) of that item the passage "0.60";

1971.] Stamp (No. 2). [No. 29.

(iii) by repealing and re-enacting sub- paragraphs (i) and (ii) of paragraph (3a) as follows-

(i) where the consideration

does not exceed $25 0.08

exceeds $25 but does

not exceed $50 0.15

exceeds $50 but does

not exceed $75 0.23

exceeds $75 but is

less than $100 0.30

(ii)

where the considera-

tion is $100 or more

for every $100 and also for any frac- tional part of $100 0.30;

and

(iv) by substituting for the passage "0.10" denoting ten cents under the column headed "Stamp Duty Payable" opposite the word "consideration" being the last word in paragraph (5) of that item the passage "0.15".